The three main changes to the Act and R egulations are: The age to purchase tobacco or an electronic smoking device has changed from 19 to 21 years of age. However there will be a transition period where individuals who turned 19 years of age before March 1, 2020 will still be...
This form is used in lieu of the applicant providing direct proof of income from the sale of industry relevant products. The form must be completed by an accountant with a professional accounting designation, signed by all parties, and returned with an application form for a...
Can municipalities on PEI buy land? Yes, municipalities can purchase land. To meet legislative acts and regulations keep the following in mind: The purchase is listed in the municipality’s budget, (MGA s.150) The purchase is approved by council, (MGA s.123 “The powers of a...
The Government of Prince Edward Island is offering eligible Islanders and organizations a $500 rebate for those who purchase an e-Bike (Power Assisted Bicycle). The purpose of the program is to encourage greater adoption of Active Transportation options among Islanders. E-Bikes are a cleaner and more efficient mode of transportation when compared to single passenger vehicles. What is an e-Bike? Power-assist bicycles are also called electric bikes or e-bikes. On PEI, a power-assist bicycle is defined as a pedal-driven bicycle of conventional exposed fork-and-frame bicycle design and appearance...
Today, the Government of PEI released all three volumes of Public Accounts which include the audited financial results for government from the 2023-2024 fiscal year and report a deficit of $14.8 million. The 2023-2024 fiscal year deficit is less than the $97.6 million budgeted...
If you are interested in a newcomer investing in your business and becoming a partial owner through the Provincial Nominee Program, you must submit an application to our office to assess eligibility. You must be willing to sell at least 33 1/3% of the equity of your business to...
The Rental Incentive Assistance contributes to rental costs for Prince Edward Island companies to establish a new business or to expand existing production capabilities. Assistance may be as: a contribution towards the cost of leasing additional space in any community in the...
If you are interested in selling your existing PEI business to a newcomer through the Provincial Nominee Program, it is your responsibility to find the potential buyer for the business. We recommend you discuss this option with your accountant. Is my business eligible? For your...